Crude oil futures were higher in mid-morning trade in Asia May 31 as the market remained buoyed by expectations of strong oil demand from the US and Europe in summer Continue Reading
“This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil Continue Reading
This week’s news was nothing short of astonishing. A court in the Netherlands issued a landmark ruling against Royal Dutch Shell — an oil company already pledging to cut its Continue Reading
CIF ARA price has increased 155% in one year Gas prices also have risen dramatically Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows Continue Reading
The brightening outlook for the global economy will give governments leeway to switch from blanket emergency support to more targeted measures, with a focus on investing, the OECD has said. Continue Reading
When it comes to the global shift to low-carbon energy sources, Europe has traditionally been viewed as the world leader. Meanwhile, the United States has frequently been regarded as an Continue Reading
Last year was a strong one for green hydrogen—at least in terms of media attention. Actual green hydrogen production did not change in any meaningful way, and there’s a host Continue Reading
Imagine going to a car dealership for a new vehicle that’s climate-friendly and being told that it isn’t clear what clean fuels will be available to fill it up, or Continue Reading
Hydrogen will play an indispensable role in a future carbon-free energy system, according to nearly everyone concerned with the matter. But scenarios showing its share in final energy in the Continue Reading
After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom. Saudi Arabia’s oil exports increased in March by 75 percent Continue Reading
Iran’s oil minister said the country should try to increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with Continue Reading
Iranian oil technicians work in the Azadegan oil field. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. National Iranian Oil Co. will Continue Reading
Egyptian officials made their most specific allegations against the captain of a container ship that blocked the Suez Canal for nearly a week in March, accusing the skipper of losing control of Continue Reading
The Minister of Science and Technology, Ogbonnaya Onu, says efforts are on ground to ensure Nigeria is prepared for a post-crude oil era. Onu said this in Abuja Thursday at Continue Reading
Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States. An article about the development last week garnered Continue Reading
From within his presidential palace, President Nicolás Maduro regularly commandeers the airwaves, delivering speeches intended to project stability to his crumbling nation. But as the Venezuelan state disintegrates under the weight Continue Reading
China’s top decision-making body said Monday the government would ease its birth-control policy to allow all couples in the country to have three children, the state-run Xinhua News Agency reported. Continue Reading
The result was largely in line with the 51.1 median forecast expected by economists polled by The Wall Street Journal, and marked the 15th straight month that the gauge came Continue Reading
IN A dramatic double whammy this week, Royal Dutch Shell and ExxonMobil, two enormous oil companies, each lost a high-profile fight against climate activists. The consequence is that two boardrooms may be forced Continue Reading
All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM . The charts below are updated to March Continue Reading
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines Continue Reading
Transportation Secretary Pete Buttigieg said Sunday time is running short for a bipartisan deal on infrastructure, indicating that President Joe Biden will look to act without Republican support if there Continue Reading
Canada’s oil sands industry is too carbon-intensive for the environmental, social, and governance (ESG) targets of some of the world’s largest institutional investors. But not for Canada’s own pension funds. Continue Reading
Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental regulations Continue Reading
The world’s biggest asset manager and top BP (BP.L) investor BlackRock (BLK.N) said on Friday it had backed a shareholder resolution calling for faster climate action which the energy company’s Continue Reading
The European Union’s Emissions Trading System has seen record-high prices lately. This has prompted two kinds of response: on one side, some analysts and officials have welcomed the trend, saying Continue Reading
At the start of the year, the German government quietly launched a novel system of carbon pricing that could revolutionise who pays for the cost of polluting in Europe. Since January, Continue Reading
Trading houses positioning for China demand Import tax on LCO may shift China’s demand to gasoil Premiums of Russia’s ESPO Blend crude rose to multi-month highs in the current month Continue Reading
Crude oil futures ticked higher the mid-morning trade in Asia May 28 as positive economic data from the US augured well for oil demand, even as concerns persisted over the Continue Reading
Oil prices rose early on Friday for a sixth consecutive day and were on track for weekly and monthly gains after the defeats on climate policies that major oil firms Continue Reading
Oil posted its biggest weekly gain since the middle of April ahead of the U.S. Memorial Day weekend that kicks off the country’s summer driving season. West Texas Intermediate rose Continue Reading
It was a historic week for the oil industry, potentially marking a turning point, at least for the corporate strategies of the oil majors. More curbs on the supply side Continue Reading
The global gas industry is in an existential race: either find a way to be part of the next generation of energy or risk getting supplanted by alternatives. BP Plc Continue Reading
Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows last spring as global energy demand resumes and economies strengthen. Receive daily email alerts, subscriber Continue Reading
Storing for the future or for the now? As economies recover from the pandemic, demand should surge, which will dent all the stored up oil sloshing around. Also in this Continue Reading
Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Continue Reading
This week’s climate-related actions in boardrooms and courtrooms involving some of the largest international oil companies signal rising threat to the sector, Moody’s Investor Service said in a comment on Continue Reading
Key role for oil companies given oil demand growth potential Low-cost OPEC oil seen having long-term advantage Majors’ big project expertise still being called upon Global oil and gas producers, Continue Reading
Highlights 23-country oil producer bloc set to meet online June 1 OPEC+ delegates say the plan remains to ease quotas Iran sanctions deal, Asia coronavirus hotspots bear watching Oil prices Continue Reading
For oil traders, the biggest question in the market is how fast OPEC and its allies will revive production later this year. Next week they may get some clues. When Continue Reading
Energy-stock investors are clinging to their holdings, buoyed by rising commodity prices and profits, as the companies face historic pressure to confront climate change. The world’s still ravenous for oil Continue Reading
A Dutch court’s decision to force Royal Dutch Shell (RDSa.L) to make deeper, faster cuts to its climate warming emissions on the basis of human rights could set a precedent, Continue Reading
Iraq plans to complete this year the construction of a new oil pier in its key fuel export and import facility in order to raise trade in refined oil products Continue Reading
The Iraqi federal government and the semi-autonomous Kurdistan Regional Government (KRG) have established three joint coordination centers in an effort to improve cooperation between their respective security forces and close Continue Reading
Candidates in Iran’s presidential elections have always been strictly vetted, and those deemed insufficiently loyal to the Islamic Revolution were disqualified. Within those limits, contenders held differing views on easing Continue Reading
Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic Continue Reading
Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture Continue Reading
Colonial Pipeline, the nation’s largest fuel pipeline, on Friday said it was experiencing network issues, just weeks after a ransomware attack crippled fuel delivery for several days in the United Continue Reading
Exxon Mobil’s U.S. oil refineries pump out far more lung-damaging soot than similarly-sized facilities operated by rivals, according to regulatory documents and a Reuters analysis of pollution test results. The Continue Reading
U.S. crude oil output jumped 14.3% to 11.2 million barrels per day (bpd) in March from 9.8 million bpd in February, the U.S. Energy Information Administration (EIA) said in its Continue Reading
